On Monday, Bitcoin is experiencing a slow downward trend, and the bearish sentiment remains unchanged!!

A new week! Good morning everyone! I am your old friend Xu Bin, and recently I have been tirelessly providing public trades for everyone. Over the weekend, I provided a public trade, offering a bearish 3000-point space for everyone. The direction is accurate, and everyone can see it. The new cycle continues to push forward! Let’s not leave any regrets for 2024!!

Currently, from the 4-hour chart perspective, Bitcoin is showing a slow downward trend around a consolidation phase. From the current operating rhythm, it is in a retracement downward pattern. The strength of the decline is not strong, but there is a basis for the decline. Therefore, under the prolonged scenario of continuous consolidation and decline, today we need to decisively adjust our positions to short, first follow up with short positions, looking down to 90500, and after reaching the support level, we will open long positions.

BTC short-term: 95000–94500 short, target 92000–90000

ETH short-term: 3388 short, target 3300

As the year-end approaches, the annual line is about to conclude, with brand new challenges ahead. Xu Bin stands at the front to welcome your arrival. #2025有哪些关键叙事？ #加密ETF申请热潮涌现 #GMT热度飙升 #币安Alpha公布第8批项目 #加密市场调整 $BTC $ETH $XRP